Rulka Electricals Ltd

Infrastructure Developers & Operators

Offer Period :

16th to 5th May 2024

Rulka Electricals Ltd IPO Details

IPO Date 16th to 5th May 2024 Minimum Investment ₹141000 / 1 Lots
Listing Date 2024-05-24 Maximum Investment ₹141000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹26.4 Crores
Price ₹235 to ₹235 per share Fresh Issue ₹19.8 Crores
Lot Size 1 Lots (600 Shares) Offer For Sale ₹ 6.6
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 16th to 5th May 2024
Listing Date 2024-05-24
Face Value ₹10 per share
Price ₹235 to ₹235 per share
Lot Size 1 Lots (600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹141000 / 1 Lots
Maximum Investment ₹141000 / 1 Lots
Total Issue Size ₹26.4 Crores
Fresh Issue ₹19.8 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

16th May

IPO Starts

21st May

IPO Ends

22nd May

Allotment Date

23rd May

Initiation of Refund

23rd May

Credit of Shares to Demat Account

24th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 86.26 69.2
Public Group 13.74 30.8

Rulka Electricals Ltd IPO Reservation

QIB Shares Offered 213600(19.02%)
NII (HNI) Shares Offered 160200(14.26%)
Retail Shares Offered 373800(33.28%)
Anchor Investor Shares Offered 319200(28.42%)
Total Shares Offered 1123200
Total Shares With Anchor Investor 1123200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Rulka Electricals Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number 022 - 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Rulka Electricals Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Rulka Electricals Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 2,13,600 4,36,21,800 4,10,134.0
Non Institutional Investors 2,16,600 21,63,51,000 4,10,134.0
Retail Individual Investors (RIIs) 3,73,800 24,60,79,800 4,10,134.0
Total 8,04,000 50,60,52,600 4,10,134.0

Strength of Rulka Electricals Ltd

1. Quality Assurance and Standards.

2. Existing client relationship.

3. Diversified Client Base.

4. Scalable Business Model.

5. Experienced Management Team.

Risks Involved

1. Its business is dependent on a few customers and the loss of, or a significant reduction in award of contracts by such customers could adversely affect its business.

2. Its under-construction projects may be subject to cost overruns or delays.

3. The company requires certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

4. Majority of its revenue from operations are generated from India. Any adverse development affecting its operations in India could have an adverse impact on its business, financial condition and results of operations.

5. There are outstanding legal proceedings involving the Company, Director and Promoter. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

6. The operation and maintenance of its electrical services involves significant risks that may cause injury to people or property and that may lead to significant disruption to its business and consequent decreases in the company revenues.

7. The company is subject to performance risk from third-party contractors, and operational risks associated with the engagement of third-party contractors and its employees.

8. Opposition from local communities and other parties may adversely affect its financial condition, results of operations and cash flows.

9. Its top ten customers contribute majority of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

10. Its failure to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under-construction projects may be subject to cost overruns and can impact its reputation and future projects.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Rulka Electricals Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-24 92616 RULKA
INE0R7301013
₹235 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹235 ₹235
Open ₹0 ₹525
Low ₹0 ₹498.75
High ₹0 ₹551.25
Low ₹0 ₹498.75

Frequently Asked Questions

What is Rulka Electricals Ltd IPO?

Answer Field

Rulka Electricals Ltd IPO is a SME IPO of 11,23,200 equity shares of a face value of ₹10 aggregating up to ₹26.4 Crores. The issue is priced at ₹235 to ₹235 per share. The minimum order quantity is 600 Shares. The IPO opens on May 16, 2024, and closes on May 21, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Rulka Electricals Ltd IPO will open?

Answer Field

The Rulka Electricals Ltd IPO opens on May 16, 2024 and closes on May 21, 2024.

What is the lot size of Rulka Electricals Ltd?

Answer Field

Rulka Electricals Ltd lot size is 600 shares, and the minimum amount required is ₹1,41,000.

How to apply for Rulka Electricals Ltd IPO?

Answer Field

You can apply in Rulka Electricals Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rulka Electricals Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rulka Electricals Ltd IPO will be done on May 22, 2024, and the allotted shares will be credited to your demat account by May 23, 2024.

When is Rulka Electricals Ltd IPO listing date?

Answer Field

The Rulka Electricals Ltd listing date is May 24, 2024.

Who is the registrar of Rulka Electricals Ltd IPO?

Answer Field

The registrar of Rulka Electricals Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rulka Electricals Ltd IPO?

Answer Field

The fresh issue size is ₹19.8 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rulka Electricals Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 600 shares and ₹1,41,000 amount.

How can I approve the UPI mandate request for Rulka Electricals Ltd IPO?

Answer Field

To apply for Rulka Electricals Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rulka Electricals Ltd?

Answer Field

The price of each Rulka Electricals Ltd share will be ranging in between ₹235 to ₹235 per share.

What is the cut-off time for the UPI mandate for Rulka Electricals Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 21, 2024.

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